Breaking the psychological level, #brent #oil below 80$/bbl, still in #contango structure

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First time since 2010, waiting to see the 27th November decisions,  but I donot discount any surprise. January liquidity signs further pressure.

3 Comments

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3 responses to “Breaking the psychological level, #brent #oil below 80$/bbl, still in #contango structure

  1. Demetris

    What is the cost per barrel of shale-oil produced in Oklahoma?
    That’s the challenge today.
    I think they are trying to get out of the market the shale-oil producers.
    After that, oil price will increase again.

  2. There is a rough weighted average estimation of about 75 to 78 $/bbl

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